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Section 12A

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Exemption claimed under wrong section cannot be denied

Income Tax : Learn why exemptions claimed under the wrong section in Income Tax Returns can be rectified under Section 154. Explore legal prece...

April 8, 2024 1473 Views 0 comment Print

Dark Side of Provisional Registration U/s 12A and 80G of Income Tax Act, 1961

Income Tax : Discover the challenges faced by NGOs with provisional registration under Sections 12A and 80G of the Income Tax Act, 1961. Explor...

April 8, 2024 2124 Views 0 comment Print

Understanding Section 43B(h) | Impact on MSME Payments

Income Tax : Understand the impact of Section 43B(h) on businesses: Learn about deductions for MSME payments and the importance of timely payme...

April 2, 2024 10950 Views 3 comments Print

Issues of section 12AB Registration to General Public Utility Organisation

Income Tax : Explore the intricacies of Section 12AB registration for General Public Utility (GPU) organizations under the Income Tax Act. Lear...

March 23, 2024 978 Views 0 comment Print

Time to erase Pre-Litigation Mediation?

Corporate Law : Is it time to reconsider pre-litigation mediation? Explore the implications of Section 12A of the Commercial Courts Act, 2015, and...

March 20, 2024 582 Views 0 comment Print


Latest News


Draft Guidance Note on Income-tax Audit Reports under Section 12A/10(23C)

Income Tax : Engage in shaping tax audit guidelines! Direct Taxes Committee invites public comments on the Exposure Draft for Guidance Note on ...

April 29, 2024 1341 Views 0 comment Print

Representation on Incorrect/Delay In Submitting Application U/S 12A(1)(ac)

CA, CS, CMA : Explore the challenges faced by Charitable Trusts due to delays or errors in submitting applications under Section 12A(1)(ac) of t...

April 8, 2024 9282 Views 1 comment Print

Request to relax confusion created in new registration regime for charitable organizations

Income Tax : Karnataka State Chartered Accountants Association made a representation on 31.10.2022 to Minister of Finance Smt. Nirmala Sitharam...

November 3, 2022 6981 Views 1 comment Print

Technical Guide on Audit of Charitable Institutions under Section 12A of Income-tax Act, 1961

Income Tax : Technical Guide on Audit of Charitable Institutions under Section 12A of Income-tax Act, 1961 provides guidance on audit of Public...

September 22, 2022 3705 Views 0 comment Print

CAG report on Income Tax Exemptions to Charitable Trusts & Institutions

Income Tax : CAG noticed ineffective monitoring of accumulation of income and its utilization, ineffective monitoring of receipts and utilizati...

August 9, 2022 1425 Views 0 comment Print


Latest Judiciary


Section 11 Exemption can’t Be denied for Meager Profit from Public Utility Services

Income Tax : ITAT Kolkata rules in favor of Institute of Indian Foundrymen, directing AO to allow tax exemption under Section 11 of the Income ...

May 22, 2024 57 Views 0 comment Print

Bombay HC Directs JCIT to Supply Section 12A Exemption Certificate

Income Tax : Bombay High Court grants petition, orders JCIT to provide copy of exemption certificate under Section 12A of Income Tax Act to Sai...

May 10, 2024 1188 Views 0 comment Print

ITAT allows rectification of mistake of applying registration in Form 10AB instead of Form 10A

Income Tax : Explore the Mandava Foundation vs. ITO case, where the Hyderabad ITAT condones an assessee's mistake in registration, allowing the...

May 6, 2024 690 Views 0 comment Print

CIT(E) should examine entire trust deed in totality vis-à-vis charitable activities: ITAT Pune

Income Tax : The tribunal emphasized that the CIT(E) should have evaluated the entire trust deed in conjunction with the actual charitable acti...

May 6, 2024 276 Views 0 comment Print

Section 143(1) Assessment cannot be Reopened on Mere Suspicion: Bombay HC

Income Tax : Explore how the Bombay High Court ruled against reopening Section 143(1) assessments without valid reasons, safeguarding taxpayers...

April 28, 2024 9207 Views 0 comment Print


Latest Notifications


CBDT amends rules pertaining to registration, approval & activities of Institutions, trusts & funds

Income Tax : The amendments brought about by Notification No. 45/2023 – Income-Tax (Income-tax (Eleventh Amendment) Rules, 2023) encompas...

June 23, 2023 8196 Views 1 comment Print

CBDT extends last date for filing of Form No.10AB

Income Tax : CBDT extends the last date for filing of Form No.10AB for seeking registration or approval under Section 10(23C), 12A or 80G of th...

March 31, 2022 13830 Views 0 comment Print

CBDT notifies New Income Tax Rules & Forms for Trust & NPOs

Income Tax : CBDT issues Notification no. 19/2021 dated 26/03/2021 pertaining to procedure for registration of fund/ trust/charitable instituti...

March 26, 2021 126450 Views 1 comment Print

Time allowed for filing of return of income by Trust claiming exemption

Income Tax : Thus, for a trust registered u/s 12AA of the Act to avail the benefit of exemption u/s 11 shall inter-alia file its return of inco...

April 23, 2019 29229 Views 3 comments Print


Representation on Incorrect/Delay In Submitting Application U/S 12A(1)(ac)

April 8, 2024 9282 Views 1 comment Print

Explore the challenges faced by Charitable Trusts due to delays or errors in submitting applications under Section 12A(1)(ac) of the Income Tax Act. Read how Karnataka State Chartered Accountants Association (KSCAA) seeks solutions.

Exemption claimed under wrong section cannot be denied

April 8, 2024 1473 Views 0 comment Print

Learn why exemptions claimed under the wrong section in Income Tax Returns can be rectified under Section 154. Explore legal precedents and guidelines for taxpayers.

Dark Side of Provisional Registration U/s 12A and 80G of Income Tax Act, 1961

April 8, 2024 2124 Views 0 comment Print

Discover the challenges faced by NGOs with provisional registration under Sections 12A and 80G of the Income Tax Act, 1961. Explore a real case study highlighting rejection, scrutiny, and penalties.

Understanding Section 43B(h) | Impact on MSME Payments

April 2, 2024 10950 Views 3 comments Print

Understand the impact of Section 43B(h) on businesses: Learn about deductions for MSME payments and the importance of timely payments to avoid penalties and interest.

ITAT Delhi Restores ICSI vs DCIT Case for Income Tax Exemption Claim Verification

March 31, 2024 318 Views 0 comment Print

The ITAT Delhi orders a review of the Institute of Company Secretaries of India’s income tax exemption claim, sending the matter back for verification by the AO.

ITAT Delhi Restores Freepathshala’s Section 80G(5) Registration Application

March 31, 2024 336 Views 0 comment Print

ITAT Delhi overturns CIT(E)’s rejection of Freepathshala’s 80G (5) registration application despite a 6-year delay, citing similar rulings.

ITAT Quashes Assessment Order for Lack of Property Valuation Report

March 28, 2024 717 Views 0 comment Print

Read the detailed analysis of the ITAT Hyderabad order quashing the assessment for A.Y. 2009-10 due to absence of property valuation report. Learn about the case of Khairunnisa Vs ITO.

Depreciation not claimed as application of income U/s 11: ITAT directing re-adjudication

March 27, 2024 711 Views 0 comment Print

Explore the ITAT Bangalore case involving depreciation income versus deferred grant income, directing re-adjudication for proper application under Section 11.

Issues of section 12AB Registration to General Public Utility Organisation

March 23, 2024 978 Views 0 comment Print

Explore the intricacies of Section 12AB registration for General Public Utility (GPU) organizations under the Income Tax Act. Learn about application procedures, conditions, and potential concerns.

Time to erase Pre-Litigation Mediation?

March 20, 2024 582 Views 0 comment Print

Is it time to reconsider pre-litigation mediation? Explore the implications of Section 12A of the Commercial Courts Act, 2015, and why it may be adding hurdles to the litigation process.

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